Osama AliFollow

Degree

Master of Science in Islamic Banking & Finance

Department

Department of Finance

Faculty/ School

School of Business Studies (SBS)

Date of Submission

Spring 2025

Supervisor

Mr. Haroon Tabraze, Faculty Member, Adjunct Faculty-CEE, Department of Accounting & Law

Committee Member 1

Dr. Salman Ahmed Shaikh, Examiner - I, Associate Professor, International Islamic University of Malaysia

Committee Member 2

Prof. Dr. Imam Uddin, Examiner - II, Director Centre for - Islamic Business & Finance (CIBF), IoBM, Karachi

Keywords

Waqf, Legislation, Accounting, Pakistan, Türkiye

Abstract

This thesis explores the system of Waqf in Pakistan, juxtaposing its conceptual, legislative, and accounting frameworks with those of Türkiye. Drawing upon Islamic jurisprudence and historical practices, the study emphasizes the enduring potential of Waqf as a model for sustainable societal development. While Pakistan's public is remarkably generous, the country's Waqf institutions are hindered by outdated legislation, limited awareness, and weak accounting standards. Conversely, Türkiye boasts a robust Waqf system with modernized laws, transparent governance, and innovative applications. Employing a qualitative methodology, this research incorporates thematic analyses of interviews with scholars and practitioners to uncover gaps and opportunities in both contexts. This study recommends legislative reforms, improved governance, and modern financial instruments to strengthen Pakistan's Waqf system. These proposals aim to guide policymakers, academics, and philanthropic organizations.

Document Type

Restricted Access

Submission Type

Thesis

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